Lancium Secures $600 Million Debt Financing to Advance Clean Campus Development, Starting with 1.2 GW Abilene Site

First-of-its-kind financing package, led and structured by Santander and Cantor Fitzgerald, supports the Lancium Clean Campus in Abilene, the inaugural site of the Stargate initiative

HOUSTON, Oct. 16, 2025 /PRNewswire/ -- Lancium, a leading energy technology and infrastructure company, today announced the close of a $600 million debt financing package to advance its clean campus development strategy, beginning with the 1.2 GW Lancium Clean Campus in Abilene, Texas, the first site of the Stargate initiative, a multi-stakeholder AI infrastructure program backed by SoftBank, OpenAI, Oracle, and MGX that seeks to deploy a U.S. network of hyperscale AI data centers.

The deal was arranged by Santander Corporate & Investment Banking serving as debt financial advisor, sole structuring bank, sole underwriter, left lead, and administrative agent. Cantor Fitzgerald acted as sole strategic advisor to Lancium.

Lancium's Abilene Clean Campus is designed to power some of the most advanced AI and cloud workloads in the world, anchored by purpose-built substations and infrastructure. The proceeds of this financing will support Abilene as the first Stargate site while also providing flexibility to use funds to develop additional projects in Lancium's portfolio.

"This financing marks a pivotal milestone for Lancium," said Michael McNamara, CEO and Co-Founder of Lancium. "Not only does it validate the strength of our platform and assets, but it also creates a scalable foundation to expand digital infrastructure in Texas and beyond. Our Clean Campus in Abilene represents the future of compute, designed for AI and hyperscale, and built to benefit both our partners and the communities we serve. We are proud to partner with Santander and Cantor Fitzgerald to structure a transaction that supports our mission to provide critical infrastructure to power the AI era."

"We are proud to support Lancium on this landmark financing," said Nuno Andrade, Global Head of Structured Finance Digital Infrastructure and REGAL and US Head of Structured Finance, Santander Corporate & Investment Banking. "As AI reshapes the global economy, the convergence of massive compute demand and sustainable power has become unavoidable. Lancium is at the forefront of this intersection, and this novel transaction highlights Santander's ability to deliver scalable, highly structured financing in the digital space."

"Lancium is pioneering the clean energy and digital infrastructure transformation," said Hari Chandra, Global Head of Power, Energy and Infrastructure, Cantor Fitzgerald. "We are pleased to serve as Strategic Advisor on a transaction that positions Lancium at the forefront of the Stargate initiative, while laying the foundation for sustainable, long-term growth."

About Lancium

Lancium is an energy technology and infrastructure company that advances the decarbonization and stability of the electric grid. With a focus on integrating large-scale digital infrastructure, Lancium develops and operates clean campuses to host the world's most demanding computing workloads.

About Santander Corporate & Investment Banking (Santander CIB) 

Santander CIB is Santander's global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products designed for complex needs. Santander CIB is committed to responsible banking standards that contribute to the progress of society.

About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, with approximately 14,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 79 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more.

SOURCE Lancium